Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
P.E.N. from Mortsel, company number BE0448226607, closed financial year 2025 with a result of € -7,600 after tax. For that financial year P.E.N. recorded a gross margin of € 6,170 and equity of € -770. Compared with financial year 2024, the result moved from € -8,793 to € -7,600. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -770
▼ € 7,600 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,600
▲ 14 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -67,701.
Debts at end 2025
€ 35,064
▼ 27% vs 2024
€ 3,105 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1,662
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,206 | € 6,765 | € 5,456 | € 6,170 | ▲ 13% |
| Profit after taxes | € -81,688 | € -26,119 | € -8,793 | € -7,600 | ▲ € 1,193 |
| Equity | € 41,742 | € 15,622 | € 6,830 | € -770 | ▼ € 7,600 |
| Total debts | € 254,718 | € 271,251 | € 270,766 | € 269,166 | ▼ 1% |
| Cash | € 464 | € 0 | - | - | |
| Land & buildings | € 322,456 | € 312,268 | € 302,079 | € 291,891 | ▼ 3% |
| Retained profit | € -25,190 | € -51,309 | € -60,102 | € -67,701 | ▼ € 7,600 |
| Bank debt | € 66,817 | € 57,560 | € 47,877 | € 35,064 | ▼ 27% |
| Balance sheet total | € 324,098 | € 313,394 | € 302,998 | € 292,680 | ▼ 3% |
Key figures of P.E.N., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to P.E.N.?
What happened at P.E.N. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,600. Source: NBB ↗
- Thibaut De Lil became a director. NBB
- Cedric De Lil became a director. NBB
- Olivier De Lil became a director. NBB
- Nadine De Watripont became a director. NBB
- New establishment in Mortsel. KBO
- Paul De Lil became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 81,688 loss in 2022 to € 7,600 loss in 2025.
Paid € 76,522 in corporate taxes since 2022.
Management
Behind P.E.N. are Nadine De Watripont, Thibaut De Lil, Cedric De Lil, Olivier De Lil and Paul De Lil.
Directors
According to the 2025 annual accounts
Nadine De Watripont
Director
since 2009
Thibaut De Lil
Director
since 2022
Cedric De Lil
Director
since 2022
Olivier De Lil
Director
since 2018
since 1992
Establishments
Establishment units
Physical locations of this company
Heilig-Kruisstraat 28
2640 Mortsel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.226.607
- VAT number
- BE 0448.226.607
- Registered office
- Heilig-Kruisstraat 28, 2640 Mortsel
- Names & denominations
- P.E.N.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 September 1992
- Peppol
- Active · Active since 21 Oct 2026